Saddle Brook, NJ — December 31, 2025 — U.S. sales of existing homes rose 1.2% from the previous month to a seasonally adjusted annual rate of 4.10 million, according to the National Association of REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall. Sales increased in the Midwest and South, held steady in the Northeast, and edged down in the West. Year-over-year, sales were up 1.7%, with gains in the Northeast, Midwest, and South, while the West posted a decline.
"The fourth-quarter housing market in northeast New Jersey showed moderating activity as high interest rates tempered buyer demand. Home prices largely remained elevated due to limited inventory, with sellers hesitant to list properties. Suburban towns near New York City continued to attract buyers seeking convenience and commuter access, while bidding wars were less frequent than in previous quarters," said Jim Arakelian, 2026 Greater Bergen REALTORS® President. " Overall, the market reflected a cautious balance between persistent affordability challenges and steady, though slower, buyer interest. Millennial buyers, appeared to still be sitting on the sideline, waiting for lower interest rate rates in 2026. The Outlook is very encouraging for REALTORS® in New Jersey."
Nationally, inventory dipped 0.7% month-over-month but rose 10.9% year-over-year, totaling 1.52 million units, according to NAR. At the current sales pace, supply stands at 4.4 months, slightly below last month’s level but higher than the 4.1 months recorded a year ago. Supported by modest inventory levels, prices continue to rise, with the national median existing-home price increasing 2.1% year-over-year to $415,200, marking 28 consecutive months of annual gains.
Highlights From November 2025 Report
- Single Family Closed Sales decreased 6.0 percent to 359.
- Townhouse-Condo Closed Sales decreased 11.7 percent to 151.
- Adult Communities Closed Sales increased 66.7 percent to 5.
- Single Family Median Sales Price was up 4.6 percent to $775,000.
- Townhouse-Condo Median Sales Price was up to 1.7 percent to 488,000.
- Adult Communities Median Sales Price was up 0.9 percent to $479,000.
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